No Top 10 Crypto Stakes More of Its Supply Than Bittensor

At 76.18%, Bittensor’s staking ratio is higher than every cryptocurrency in the top 10 by market cap.

Ethereum sits at 32.38%. Solana, 68.46%. BNB, just 19.02%. Tron, 46.96%. Hyperliquid, 44.8%. None come close.

That’s three-quarters of all circulating TAO locked into the network, earning rewards, securing subnets, and out of centralized exchanges.

What the ratio means

Staking ratio measures how much of a token’s circulating supply is locked into the network’s proof-of-stake system. A high number signals two things at once: holder conviction (people aren’t dumping), and network security (more skin in the game from validators).

A recent Tao Daily poll proves this high-holding conviction:

TAO’s 76.18% is also the highest among the top 10 proof-of-stake assets by staking market cap. Sui, the next closest, is at 74.2%. Cardano, 58.25%. Ethereum, 32.38%.

And the rewards keep flowing

That locked supply isn’t sitting idle. Bittensor is paying out $339.96M in annual staking rewards, more than every L1 ranked above it on CMC except Ethereum, Solana, Tron, and Hyperliquid.

Real reward rate (net of inflation) sits at 2.82%, ahead of Solana (1.51%) and Ethereum (1.95%).

The market cap is #32 on CoinMarketCap. The staking economy is sized like a top-10 L1.

The yield-to-cap math

Per dollar of market cap, TAO is issuing roughly 11% in annualized rewards. ETH issues at ~0.9%. SOL at ~4.2%. BNB at ~0.2%. No major L1 is close.

It’s the kind of stat that gets buried under price action (TAO is down 2% on the 7d) but it’s why Bittensor ranks #9 on Staking Rewards’ market cap leaderboard despite trading at #32 on CMC.

The supply is locked, the rewards are flowing, and the participation rate is higher than any peer in the staking top 10.

Data: Staking Rewards, CoinMarketCap